Jamaica Gleaner Business

Published: Monday Wednesday | October 28, 2009

$100m cellular lawsuit - LIME takes Digicel to court ... again
Cable and Wireless Jamaica Limited, trading as LIME, on Monday filed a $100-million lawsuit against big rival Digicel Jamaica Limited, on allegations of a $2.48 disparity in call termination charges and claims of unfair competition in the billing of fixed to mobile rates... Read More...

BOJ governor, Davies to headline Finsac enquiry - Hearings begin November
Central bank Governor Derick Latibeaudiere, who rarely emerges from his high-rise waterfront offices at the Bank of Jamaica, and former finance minister, Dr Omar Davies, will both testify before the commission of enquiry into the financial sector meltdown... Read More...

NHT stuck with Jamintel building
The National Housing Trust (NHT) has again placed the deteriorating Jamintel building on the market after failing to close a sale deal with another unnamed government entity which had shown interest a few months ago... Read More...

Merger deal allows COK freedom to roam - Sodality bond offers nationwide access
COK Cooperative Credit Union Limited will today bring to a special general meeting resolutions to finalise acquisition of Sodality Credit Union and the merger of the two entities. The deal not only gives COK additional membership and a larger... Read More...

Dent in car market deepens despite SCT cut - Some dealers diversifying business - New-car orders on hold till Feb 2010
Motor vehicle imports are on track to tumble to a four-year low, forcing some dealers out of business, with 20 such exits over the past year, while others are taking on new business lines to subsidise core operations. For the first eight months this year... Read More...

Libel award topples newspaper - Court orders liquidation of Grenada Today
Grenadian high court Judge Claire Henry on Tuesday ordered the liquidation of the Grenada Today newspaper after the owners failed to reach an agreement with former Prime Minister Keith Mitchell over the settlement of an EC$191,000 (US$71,135) libel award... Read More...

Bermuda 'world top 500' hotel to close partially
A posh Bermuda resort named one of the world's top 500 hotels this year will close its century-old main building because the economic crisis has sapped tourism to the island. Elbow Beach Hotel will lay off about 160 employees by the end of November... Read More...

Cuba positions for new rum market - Could send one million cases to post-embargo US
CUBA IS ready to ship one million cases of rum to America if Washington eases its 47-year-old embargo, but would hold off exporting its flagship Havana Club brand because of United States trademark battles, one of the island's top rum executives said.... Read More...

Stanford investors trying to block IMF loan to Antigua
A GROUP of investors' victims allegedly bilked by Texan financier Sir Allen Stanford and a New York law firm are urging United States legislators to block Antigua and Barbuda from receiving aid from the International Monetary Fund (IMF).... Read More...

First impressions count
In your first few weeks on the job you will be juggling the task of creating a good impression along with your other new duties. A strong start in this area will go far towards ensuring that you are confirmed when your probationary period has ended ... Read More...